MV Oil Trust 2025年季度报告

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2025 or ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period fromtoCommission File Number: 001-33219 MV OIL TRUST(Exact name of registrant as specified in its charter) Delaware06-6554331(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 1-713-483-6020(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregisteredThe New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesxNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes¨No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer¨Non-accelerated filerx Accelerated filer¨Smaller reporting companyxEmerging growth company¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes¨Nox As of November 10, 2025, 11,500,000 Units of Beneficial Interest in MV Oil Trust were outstanding. PARTI—FINANCIAL INFORMATION MV OIL TRUSTSTATEMENTS OF DISTRIBUTABLE INCOME(Unaudited) (1)Includes $31,603 and $30,387 paid to MV Partners, LLC during the three months ended September30, 2025 and 2024,respectively, and $94,808 and $91,162 during the nine months ended September30, 2025 and 2024, respectively. Alsoincludes $37,500 paid to The Bank of New York Mellon Trust Company, N.A. during each of the three months endedSeptember30, 2025 and 2024 and $112,500 during each of the nine months ended September30, 2025 and 2024. STATEMENTS OF ASSETS AND TRUST CORPUS MV OIL TRUSTNOTES TO FINANCIAL STATEMENTS(Unaudited) Note 1—Organization of the Trust MV Oil Trust (the “Trust”) is a statutory trust formed on August3, 2006, under the Delaware Statutory Trust Act pursuant toa Trust Agreement (the “Trust Agreement”) among MV Partners, LLC, a Kansas limited liability company (“MVPartners”), as trustor,The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”), and Wilmington Trust Company, as Delaware Trustee(the “Delaware Trustee”). The Trust was created to acquire and hold a term net profits interest for the benefit of the Trust unitholders pursuant to aconveyance from MV Partners to the Trust. The term net profits interest represents the right to receive 80% of the net proceeds(calculated as described below in Note 5) from production from the underlying properties (as defined below) (the “net profitsinterest”). The net profits interest consists of MV Partners’ net interests in all of its oil and natural gas properties located in the Mid-Continent region in the states of Kansas and Colorado (the “underlying properties”). The underlying properties include approximately850 producing oil and gas wells. The net profits interest is passive in nature, and the Trustee has no management control over and no responsibility relating tothe operation of the underlying properties. The net profits interest entitles the Trust to receive 80% of the net proceeds attributable toMV Partners’ interest from the sale of production from the underlying properties during the term of the Trust. As of September30, 2025, cumulatively, since inception, the Trust has received payment for 80% of the net proceedsattributable to MV Partners’ interest from the sale of 15.1 million barrels of oil equivalent (“MMBoe”) of production from theunderlying properties (which amount is the equivalent of 12.1 MMBoe with respect to the Trust’s net profits interest). Consequently,the net profits interest will terminate on June30, 2026 (the “Termination Date”) because the minimum amount of production(14.4MMBoe) applicable to the net profits interest has been produced and sold (which amount